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Budget 2021: Key Takeaways from Chancellor Rishi Sunak’s speech

Budget 2021: Key Takeaways from Chancellor Rishi Sunak’s speech

by Wijay Kanagasundaram | Mar 3, 2021 | Budget, Government announcements, HMRC

Chancellor Rishi Sunak has proposed the below changes in this year’s Budget in the House of Commons today. Private sector Off-Payroll Changes (IR35) The changes will go ahead from 6th April 2021, with no further postponement. No change for Capital Gains and IHT...
WEBINARS ON CHANGES TO OFF-PAYROLL (IR35) RULES FROM APRIL 2021 AND BUDGET 2021

WEBINARS ON CHANGES TO OFF-PAYROLL (IR35) RULES FROM APRIL 2021 AND BUDGET 2021

by Wijay Kanagasundaram | Feb 18, 2021 | HMRC, IR35, News

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What is Worldwide Disclosure Facility?

What is Worldwide Disclosure Facility?

by Wijay Kanagasundaram | Jan 20, 2021 | Government announcements, HMRC, Self Assesment

If you are a UK resident and have income from investments, properties, companies or trusts overseas, you may be liable for tax here in the UK. In 2016, HMRC opened Worldwide Disclosure Facility (WDF) service to enable people to disclose their UK tax liability that...
Key Takeaways from Chancellor’s “Winter Economy Plan”

Key Takeaways from Chancellor’s “Winter Economy Plan”

by Wijay Kanagasundaram | Sep 25, 2020 | Government announcements, HMRC, News, Running a business, Tax

  With the furlough scheme winding down and local lockdowns on the increase to try and curb the rising tide of coronavirus, it was almost inevitable the Chancellor would have to step in again. The initial reaction from Chancellor was to cancel the Autumn budget....
Covid 19 Business help and Guidance

Covid 19 Business help and Guidance

by Wijay Kanagasundaram | May 12, 2020 | Accounting and bookkeeping, Budget, Covid19, HMRC, IR35

Budget 2020 Predictions

Budget 2020 Predictions

by Wijay Kanagasundaram | Feb 13, 2020 | Accounting and bookkeeping, Budget, HMRC, IR35, Self Assesment, Tax

Exactly in a month’s time Chancellor of the Exchequer will present his first Budget to the Parliament. Below are my top 10 predictions for Budget 2020. Off-payroll/IR35 Implementation for the private sector – more likely to go ahead (I sincerely hope I am wrong...
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